The Port of Bellingham board of commissioners will hear a presentation about the port’s 2011 budget during their regular meeting at 3 p.m., Tuesday, in the Harbor Center at 1801 Roeder Avenue.
Following the presentation, there will be a public hearing about the budget. The commission encourages people to take part in this hearing. They will have a second public hearing at 3 p.m., Tuesday, November 16.
The budget includes $39 million in capital projects, primarily at the Bellingham Airport and Squalicum Harbor. These projects are expected to generate numerous local construction jobs. The budget anticipates Port revenues increasing by six percent over the 2010 budget, primarily due to increased airport earnings.
In their last meeting, commissioners directed staff to prepare the 2011 budget with a five percent cut in the port’s property tax revenue.
Commissioners said that rather than increasing the tax rate, or even keeping it stable, they wanted the port to respond to the economic downturn by reducing its property tax rate.